Business Directories

A US court has directed the ‘reorganised Arcapita Bank BSC" to initiate transfer of claims by eligible holders.
Through a notice published in the Gulf Daily News (GDN), our sister publication yesterday (Decembe

State-owned conglomerate Dubai World will meet with its creditors next week to formally present revisions to its multi-billion-dollar debt restructuring terms, three sources aware of the matter told Reuters on Thursday.
Meetings w

State-owned conglomerate Dubai World will meet with its creditors next week to formally present revisions to its multi-billion-dollar debt restructuring terms, three sources aware of the matter told Reuters on Thursday.
Meetings w

Dubai World, one of the emirate's big state-owned conglomerates, has signed a deal with its main creditors to extend the repayment of $10.3 billion debt, said a report.
The group, which owns the third-largest ports operator, a

Dubai World, one of the emirate's big state-owned conglomerates, has signed a deal with its main creditors to extend the repayment of $10.3 billion debt, said a report.
The group, which owns the third-largest ports operator, a

Long-stalled talks on one of the Middle East's largest debt restructurings are due to resume in Dubai on Wednesday, though those involved in the process are cautioning any agreement to pay out even a small amount of the cash owed to creditor

Saudi Arabian conglomerate Ahmad Hamad Algosaibi & Brothers has called a meeting of creditor banks in Dubai on May 7 to discuss a proposed settlement of billions of dollars of unpaid debt, commercial bankers said on Monday.
Th

Dubai property developer Nakheel plans to issue the second tranche of its Dh4.8 billion ($1.31 billion) Islamic bond (sukuk), to trade creditors by the end of April, the company's chairman said on Wednesday.
The first portion of

Greece's prime minister scrambled on Sunday to convince lenders and politicians to sign off on a 130 billion euro ($171 billion) rescue, after his finance minister said just hours remained to clinch a deal to avoid a messy default.
A t

Greece's private creditors have pleaded with European officials who rejected their bond swap offer to hammer together a deal before Athens tumbles into a chaotic default.
Athens' hopes for a swift deal with lenders were evaporating after e